The forecast for the tanning, dressing of leather, luggage, handbags, saddlery, and harness; dressing and dyeing of fur enterprises in France shows a steady increase from 3.62 thousand enterprises in 2024 to 4.12 thousand in 2028. In 2023, the number of enterprises stood at approximately 3.5 thousand, indicating positive growth. The year-on-year growth rate from 2024 to 2028 averages around 3-4%. A compound annual growth rate (CAGR) calculation over these five years would outline a consistent expansion trend.
Future trends to watch for include technological advancements in sustainable tanning processes, shifts in consumer preferences towards eco-friendly products, and the impact of global economic conditions on luxury goods demand. Additionally, regulatory changes or trade agreements could influence the competitiveness of French enterprises in this sector.
